Ministry of Commerce and Industry Announces Implementation of Ministerial Decision to Reduce Service Fees
The Ministry of Commerce and Industry announced the implementation of Ministerial Decision No. 60, 2024, issued by His Excellency Sheikh Mohammed bin Hamad bin Qassim Al Thani, Minister of Commerce and Industry, to reduce service fees provided by the ministry for the Trade, Industry & Business Development, as well as the Consumer Protection sectors, by more than 90% for some services, and that the new rates will take effect from Thursday, July 11, 2024.
This decision comes within the framework of the ministry's strategy, aimed at enhancing the investment environment by developing the Trade, Industry & Business Development sectors in Qatar, and implementing the objectives of the Third National Development Strategy (2024-2030), which aims to achieve sustainable economic growth and diversification in support of Qatar’s National Vision 2030.
The ministerial decision to reduce service fees aims to support economic growth in the country by attracting more national and foreign projects, due to an enticing business environment for investment. It will also significantly help investors access high-quality services at reduced fees, enhance the competitiveness of entrepreneurs and companies and encourage investors to expand their businesses and innovate more diverse projects. Similarly, it will boost the role of the private sector.
